It took a while but the crypto winter that crypto natives were scared of when digital assets reached all-time highs in 2021 is now here. When a coin shilled by Kim Kardashian got dumped so quickly that its holders sued her, people got the first signal that the market was on the edge. However, if that crypto winter memo wasn’t received then, it certainly happened when giants like Celsius, Babel finance, and Three Arrows all got sizable chinks in their armor. The rapidly falling price of Bitcoin is also a sure signal that things could get worse. If you’re a spot trader, these trends are rather worrying. Crypto World in a Turmoil Sadly, it’s not only crypto prices that are taking a beating. Right now, many cornerstone Web3 startups are illiquid, and others have simply been hacked into oblivion. The long and short of it is that things are not looking too good in the crypto-verse. Of course, this raises an even more important question. What does one do in a crypto winter? For many, the solution is to cut their losses and lock their wounds. For others, the solution is to go even more in and wait for a crypto summer, as it were. But there might be another solution. A solution that’s halfway between selling all your crypto to avoid going into more losses and buying coins that may or may not appreciate. Crypto Staking: The Hero We Need During the Crypto Winter Staking your coins is probably the least adventurous thing you can do in a b...
